"It won't cut federal spending or shrink the national debt, so conservative Republicans don't like it," the Times says, and "it won't restore much money for domestic programs or extend unemployment insurance, so Democrats don't like it either. Its main virtue is that it will spare members of Congress from worrying about a government shutdown during their long Christmas break."

Basically, adds The Washington Post, "the deal denies both Republicans and Democrats what they want most. Republicans didn't get any changes to Medicare and Social Security — much less any structural ones. Democrats didn't get any new taxes."

"The deal ... would set the federal budget at just about $1 trillion this year and next. It would replace a big chunk of the sequester cuts with other trims and increased fees. And that's pretty much it."

In other words, Tamara said, Murray and Ryan went "small" instead of going for a "grand bargain."

Of course, if one side had come out of the Ryan-Murray negotiations claiming victory, that might have doomed the plan's chances for passage by both the Republican-controlled House and Democratic-led Senate. On the question of whether the agreement will be OK'd by both chambers, The National Journal writes that "Ryan may face the most immediate challenge, meeting behind closed doors Wednesday morning to explain the agreement to skeptical House conservatives."

It adds, though, that:

"Ryan, whom conservatives describe as the most highly respected member of the House GOP when it comes to fiscal matters, seems up to the task of selling the deal. He repeatedly framed the agreement as 'conservative' on Tuesday, emphasizing at the outset: 'It reduces the deficit without raising taxes.' ...

"At one point, Ryan seemed to speak directly to his House GOP colleagues, perhaps previewing the pitch he'll make to them at Wednesday morning's conference meeting.

" 'As a conservative, I think this is a step in the right direction,' Ryan said. 'What am I getting out of this? I'm getting more deficit reduction. The deficit will go down more by passing this than if we did nothing. That's point No. 1. Point No. 2 is, there are no tax increases here. Point No. 3: We're finally starting to deal with autopilot spending, that mandatory spending that has not been addressed by Congress for years.' "

How is the deal playing in other news outlets? Here's a sampling of headlines: